news 
Huge 848,902 BTC Held by 51 Bitcoin Treasury Companies, But Here’s Big Catch
A recently published report by CryptoQuant has revealed a staggering figure of 848,902.2 BTC held in Bitcoin treasuries by 51 Bitcoin treasury companies. This development marks the start of a “Bitcoin treasury boom” that is expected to continue and grow.
According to the data, most companies hold relatively small amounts of BTC, with only nine firms holding more than 10,000 Bitcoins. However, it’s crucial to note that one company stands out from the rest, owning an astonishing 597,325 BTC worth $65,480,797,405. This prominent holder is none other than Michael Saylor’s Strategy.
It appears that many companies are following the example set by Strategy and Metaplanet, who have both been accumulating Bitcoin on a weekly basis recently. The report also suggests that investors are using these treasury stocks as a proxy to gain exposure to Bitcoin, further emphasizing this trend.
As a result of this growing trend, it’s crucial for traders and investors to stay vigilant and keep an eye out for potential changes in the market.
Source: u.today
